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7. Shifts in a budget constraint Lorenzo brings $100 to a basketball game to spend on hot dogs and beer. The following diagram shows his

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7. Shifts in a budget constraint Lorenzo brings $100 to a basketball game to spend on hot dogs and beer. The following diagram shows his budget constraint: BC GLASSES OF BEER CO CO BC O CO N 16 20 24 28 32 36 40 HOT DOGS According to the diagram, hot dogs cost $ each, and beer costs $ per glass. Adjust the diagram to show how Lorenzo's budget constraint would change if he had brought more money to the arena. (Assume the prices of hot dogs and beer remain the same.) Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther. Grade It Now Save & Continue

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